The December BuildFax Housing Health Report (BHHR) revealed another increase in year-over-year single-family housing authorizations, which grew 4.82% this month after climbing 7.09% in November. However, month over month, single-family housing authorizations declined 2.61%. After declining for a majority of 2019, the rolling three-month outlook rounded out the year on a positive note, increasing 5.77%. …
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More and more people moved out of typically high-demand states in favor of up-and-coming regions last year, according to the 2018 U.S. Migration Report by northAmerican Moving Services. This allows carriers a prime marketing opportunity to expand their book of business into new areas. The report found that last year, Illinois, California and New Jersey …
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The March BuildFax Housing Health Report (BHHR) revealed the fifth consecutive month of declines across national housing indicator. However, the report also identified a few factors that may contribute to a rise in housing maintenance over the next few months. Chief among them are spring home buying season and increased hail activity. Over the past …
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We recently compared commercial new construction and commercial remodeling over the course of the Great Recession. Based on the findings of our residential study, we suspected there might also be a similar trend in commercial construction. The results from this new study illuminate some interesting findings, especially as they relate to commercial lines. Additions, remodels, and alterations …
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Recently on a hunch, we compared residential new construction and residential remodeling construction numbers over the lifecycle of the recent housing crisis. We suspected a lingering inequality trend between the two, and we found some pretty staggering results. For our study, we looked at just over thirty-seven million residential properties. The hunch proved …
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Policyholders forget to inform their carrier about a lot of property upgrades. But there’s one upgrade we’ve seen a massive uptick in over the last few years that you may not have thought of. Solar. This puts your policyholders at risk for being underinsured. Increased Exposure – Don’t Leave Your Policyholders Underinsured! These property …
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If you’ve installed a solar array on your property, it’s very important to let your home insurance carrier know about it. Why is this so important to tell them? Because the new investment you’ve made may not be protected. Just like any other improvement to your home, a solar array is going to affect its value. The more …
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One of the first questions we usually get from insurance carriers is, “Do you have commercial property data?” The answer is yes! We have a ton of it. Here’s an infographic that breaks it all down. Check it out!
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A Couple of weeks ago we spoke with Sefton Patton about how the remodeling boom affects premium leakage. Check out our infographic on the topic!
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